Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries
This study analyzes whether the rigor of environmental regulations encourages industrial companies in developed and emerging countries to invest in Green Innovation (GI), and what is the impact on financial performance. The sample was composed of 159 industrial companies, listed in the Financial Tim...
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| Format: | Article |
| Language: | English |
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FUCAPE Business School
2020-01-01
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| Series: | BBR: Brazilian Business Review |
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| Online Access: | http://www.redalyc.org/articulo.oa?id=123064464005 |
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| author | Jaluza Maria Lima Silva Borsatto Camila Bazani Lara Amui |
| author_facet | Jaluza Maria Lima Silva Borsatto Camila Bazani Lara Amui |
| author_sort | Jaluza Maria Lima Silva Borsatto |
| collection | DOAJ |
| description | This study analyzes whether the rigor of environmental regulations encourages industrial companies in developed and emerging countries to invest in Green Innovation (GI), and what is the impact on financial performance. The sample was composed of 159 industrial companies, listed in the Financial Times’ 500 largest companies by market value in 2015. For the analysis, Structural Equation Modeling was used to verify the relationship between the variables. The main results were that the strictness of the countries’ environmental regulations, and the size of the companies had a statistically significant positive impact only on construct GI2, composed of the variables Global Compact and environmental investments. Countries competitiveness did not positively influence companies’ GI efforts, and the degree of internationalization of companies had no significant effect on any of the GI constructs. Furthermore, the efforts of companies in GI do not reflect positively on their financial performance. |
| format | Article |
| id | doaj-art-10f8dcbb2e9b461cb065e90e909a7274 |
| institution | Kabale University |
| issn | 1807-734X |
| language | English |
| publishDate | 2020-01-01 |
| publisher | FUCAPE Business School |
| record_format | Article |
| series | BBR: Brazilian Business Review |
| spelling | doaj-art-10f8dcbb2e9b461cb065e90e909a72742025-02-06T23:39:33ZengFUCAPE Business SchoolBBR: Brazilian Business Review1807-734X2020-01-0117555957810.15728/bbr.2020.17.5.5Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging CountriesJaluza Maria Lima Silva BorsattoCamila BazaniLara AmuiThis study analyzes whether the rigor of environmental regulations encourages industrial companies in developed and emerging countries to invest in Green Innovation (GI), and what is the impact on financial performance. The sample was composed of 159 industrial companies, listed in the Financial Times’ 500 largest companies by market value in 2015. For the analysis, Structural Equation Modeling was used to verify the relationship between the variables. The main results were that the strictness of the countries’ environmental regulations, and the size of the companies had a statistically significant positive impact only on construct GI2, composed of the variables Global Compact and environmental investments. Countries competitiveness did not positively influence companies’ GI efforts, and the degree of internationalization of companies had no significant effect on any of the GI constructs. Furthermore, the efforts of companies in GI do not reflect positively on their financial performance.http://www.redalyc.org/articulo.oa?id=123064464005green innovationfinancial performanceenvironmental regulationsinstitutional environmentstructural equation modeling |
| spellingShingle | Jaluza Maria Lima Silva Borsatto Camila Bazani Lara Amui Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries BBR: Brazilian Business Review green innovation financial performance environmental regulations institutional environment structural equation modeling |
| title | Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| title_full | Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| title_fullStr | Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| title_full_unstemmed | Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| title_short | Environmental Regulations, Green Innovation and Performance: An Analysis of Industrial Sector Companies from Developed Countries and Emerging Countries |
| title_sort | environmental regulations green innovation and performance an analysis of industrial sector companies from developed countries and emerging countries |
| topic | green innovation financial performance environmental regulations institutional environment structural equation modeling |
| url | http://www.redalyc.org/articulo.oa?id=123064464005 |
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